NIFTY Weekly Analysis

NIFTY Taking support at 15000 levels which will act as good support but if this support will Break then we can easily see 14750 which will act as good support for this week, if nifty will move up from 15000 then we will face good Resistance at 15350 levels if it breaks then 15500 will act as good resistance which is a psychological level also…

Coming To Data Point:-

By Analyzing open Interest Data 15000 put has highest open interest which is more than 28 lakh and has highest change in open Interest which is more than 13 lakh contract so this will act as good Resistance.

14500 put has 2nd highest Open Interest which is more than 22lakh and has more than 7 lakh change in open interest which will act as good Support

Coming To Call Side.

15300 has Highest change in Open Interest which is more than 53 lakh and has highest change in Open Interest which is more than 44lakh.
15500 has 2nd Highest open Interest which is more than 46lakh and has more than 27lakh change in open interest so this will act as a Good Resistance for this week

By Analyzing technical and Open Interest Data the Range of NIFTY for this week will be
14500-15500 this is the extreme Range for this week expecting to close in between this Only

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